Safestore Holdings PLC (OTCMKTS:SFSHF) Sees Significant Growth in Short Interest

Safestore Holdings PLC (OTCMKTS:SFSHF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,086 shares, an increase of 316.1% from the August 15th total of 982 shares. Based on an average daily volume of 18 shares, the days-to-cover ratio is presently 227.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays raised shares of Safestore from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 24th. Morgan Stanley reissued an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft cut Safestore to a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Safestore Stock Performance

OTCMKTS:SFSHF opened at $7.27 on Friday. The company’s 50-day simple moving average is $7.87 and its 200-day simple moving average is $8.71. Safestore has a fifty-two week low of $7.27 and a fifty-two week high of $11.01.

About Safestore

Safestore (OTCMKTS:SFSHF) is a leading European self-storage operator providing secure storage solutions for personal and business customers. The company’s facilities offer a wide range of unit sizes, climate-controlled spaces, container storage, and value-added services such as packing materials and insurance. Safestore’s focus on convenience and security is supported by 24/7 access, state-of-the-art surveillance systems, and an integrated online platform for reservations and account management.

Founded in 1998 and headquartered in the United Kingdom, Safestore has expanded through a combination of organic growth and acquisitions to operate over 130 locations across the UK and France.